Great businesses have greater value – Mistry defends broker consolidation

Ashwin Jan 12 017_C_L

Brokerbility’s executive chairman Ashwin Mistry says that good businesses will always invest for the future, and that they should be rewarded for that in the valuation of their business when it is put up for sale

When Insurance Times spoke to Partners& duo Phil Barton and Stuart Reid, they warned of the excesses of consolidation amidst the inflated prices being paid for broking businesses in recent years.

This has drawn ire from some in the industry, with Brokerbility executive chairman Ashwin Mistry saying both had already benefited from selling businesses for high valuations over the course of their careers.

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